Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 350
per

Your estimated
City
free-cash

Dresden , Germany
-£88
£9
£9
£8
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
13
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

337
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
13
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
total
70
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13
350
-
-
income
2
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
1
2
-
-
trade
2
55
-
-
total
5
112
-
-
Dividends
8
238
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
withholding
-
56
-
-
total
-
59
-
-
Income
350
350
350
350
Total tax
75
171
74
74
After tax
275
179
276
276
Living cost
267
267
267
267
Free-cash
8
-88
9
9

Estimated living cost  is £267 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-£255
-£240
-£243
-£450
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
4
municipal
-
-
-
29
national
-
-
-
45
pensions
-
-
-
42
total
-
-
-
120
Employee
733
-
303
-
municipal
91
-
31
-
pensions
29
-
12
-
national
140
-
47
-
total
260
-
90
-
Employer
733
-
303
-
pensions
59
-
24
-
social contributions
8
-
3
-
total
67
-
27
-
Corporate
-
350
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
327
132
117
120
After tax
23
218
233
230
Living cost
473
473
473
473
Free-cash
-450
-255
-240
-243

Estimated living cost  is £473 per week

£321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£97
£18
£87
£25
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
350
income
-
-
-
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
28
microenterprise
-
-
-
52
total
-
-
-
80
Employee
258
-
282
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

28
-
31
-
income
46
-
50
-
total
74
-
81
-
Employer
258
-
282
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

62
-
68
-
surtax
-
-
-
-
total
62
-
68
-
Corporate
30
350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

6
70
-
-
total
6
70
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

24
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
142
70
149
80
After tax
208
280
201
270
Living cost
183
183
183
183
Free-cash
25
97
18
87

Estimated living cost  is £183 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£474
-£524
-£168
-£524
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
Employee
753
753
753
-
pensions
135
103
135
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

123
123
123
-
health
116
98
116
-
total
374
324
374
-
Employer
753
753
753
-
health
52
52
52
-
pensions
52
52
52
-
unemployment
27
27
27
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
505
455
505
149
After tax
-155
-105
-155
201
Living cost
369
369
369
369
Free-cash
-524
-474
-524
-168

Estimated living cost  is £369 per week

£262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-£168
-£172
-£185
-£322
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
1
other
-
-
-
41
unemployment
-
-
-
-
health
-
-
-
22
municipal
-
-
-
74
national
-
-
-
-
pensions
-
-
-
38
total
-
-
-
176
Employee
512
-
266
-
municipal
153
-
79
-
national
-
-
-
-
total
153
-
79
-
Employer
512
-
266
-
health
31
-
16
-
pensions
55
-
29
-
accident
1
-
1
-
unemployment
14
-
7
-
other
59
-
31
-
total
160
-
84
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
withholding
-
82
-
-
total
-
82
-
-
Income
350
350
350
350
Total tax
313
159
163
176
After tax
37
191
187
174
Living cost
359
359
359
359
Free-cash
-322
-168
-172
-185

Estimated living cost  is £359 per week

£238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-£169
-£70
-£70
-£96
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
13
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

447
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

38
-
13
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
total
100
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
trade
-
58
-
-
total
-
115
-
-
Dividends
-
235
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
withholding
-
55
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
100
173
74
74
After tax
250
177
276
276
Living cost
346
346
346
346
Free-cash
-96
-169
-70
-70

Estimated living cost  is £346 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-£136
-£73
£0
-£87
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
55
health
-
-
-
9
total
-
-
-
64
Employee
678
678
678
-
social contributions
33
56
26
-
income
71
63
74
-
health
7
12
5
-
total
111
131
105
-
Employer
678
678
678
-
health
7
13
6
-
social contributions
33
56
26
-
total
40
69
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
151
200
137
64
After tax
199
150
213
286
Living cost
286
286
286
286
Free-cash
-87
-136
-73
-

Estimated living cost  is £286 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£40
£42
£81
£42
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
43
unemployment
-
-
-
5
health
-
-
-
25
pensions
-
-
-
35
total
-
-
-
108
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

232
92
293
-
unemployment
3
1
4
-
pensions
23
9
29
-
income
28
11
36
-
health
16
6
21
-
total
70
27
90
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

232
92
293
-
pensions
45
18
57
-
total
45
18
57
-
Corporate
73
240
-
-
income
7
22
-
-
total
7
22
-
-
Dividends
66
218
-
-
social contributions
12
41
-
-
withholding
13
41
-
-
total
25
82
-
-
Income
350
350
350
350
Total tax
147
149
147
108
After tax
203
201
203
242
Living cost
161
161
161
161
Free-cash
42
40
42
81

Estimated living cost  is £161 per week

£110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£67
£8
-£6
£12
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
27
health
-
-
-
46
pensions
-
-
-
70
total
-
-
-
143
Employee
250
-
262
-
unemployment
4
-
4
-
pensions
5
-
5
-
income
28
-
32
-
total
37
-
41
-
Employer
250
-
262
-
health
33
-
34
-
pensions
50
-
52
-
unemployment
2
-
2
-
total
85
-
88
-
Corporate
15
350
-
-
income
3
70
-
-
total
3
70
-
-
Dividends
12
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
125
70
129
143
After tax
225
280
221
207
Living cost
213
213
213
213
Free-cash
12
67
8
-6

Estimated living cost  is £213 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£168
-£11
£42
-£21
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
112
Employee
308
-
291
-
pensions
35
-
33
-
income
42
-
40
-
health
35
-
33
-
total
112
-
106
-
Employer
308
-
291
-
pensions
50
-
47
-
accident
5
-
5
-
unemployment
8
-
7
-
total
63
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
175
322
165
112
After tax
175
28
185
238
Living cost
196
196
196
196
Free-cash
-21
-168
-11
42

Estimated living cost  is £196 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
£261
£208
£275
£247
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
3
total
-
-
-
3
Employee
90
-
350
-
income
18
-
70
-
total
18
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

260
350
-
-
total
-
-
-
-
Dividends
260
350
-
-
withholding
13
17
-
-
total
13
17
-
-
Income
350
350
350
350
Total tax
31
17
70
3
After tax
319
333
280
347
Living cost
72
72
72
72
Free-cash
247
261
208
275

Estimated living cost  is £72 per week

£45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
£23
-£31
-£45
-£49
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
44
other
-
-
-
17
health
-
-
-
15
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
84
total
-
-
-
160
Employee
320
-
280
-
unemployment
3
-
3
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

22
-
20
-
income
55
-
48
-
health
4
-
4
-
total
84
-
75
-
Employer
320
-
280
-
health
4
-
4
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

54
-
48
-
accident
3
-
2
-
unemployment
3
-
3
-
other
16
-
14
-
total
80
-
71
-
Corporate
-
350
-
-
income
-
73
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
19
-
-
total
-
19
-
-
Income
350
350
350
350
Total tax
164
92
146
160
After tax
186
258
204
190
Living cost
235
235
235
235
Free-cash
-49
23
-31
-45

Estimated living cost  is £235 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£321
-£348
-£318
-£591
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
826
-
317
-
pensions
80
-
19
-
income
149
-
59
-
health
14
-
3
-
total
243
-
81
-
Employer
826
-
317
-
health
16
-
6
-
pensions
98
-
27
-
total
114
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
357
87
114
84
After tax
-7
263
236
266
Living cost
584
584
584
584
Free-cash
-591
-321
-348
-318

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£183
£106
£99
£141
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
53
unemployment
-
-
-
1
health
-
-
-
35
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
46
total
-
-
-
135
Employee
153
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

13
-
26
-
income
15
-
29
-
health
7
-
13
-
total
37
-
71
-
Employer
153
-
293
-
health
11
-
20
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
32
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
57
-
Corporate
167
350
-
-
income
17
35
-
-
total
17
35
-
-
Dividends
150
315
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
350
350
350
350
Total tax
93
51
128
135
After tax
257
299
222
215
Living cost
116
116
116
116
Free-cash
141
183
106
99

Estimated living cost  is £116 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£594
-£644
-£288
-£610
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
Employee
817
753
753
-
pensions
103
103
135
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

123
123
123
-
health
102
98
116
-
total
328
324
374
-
Employer
817
753
753
-
health
57
52
52
-
pensions
57
52
52
-
unemployment
29
27
27
-
total
143
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
471
455
505
149
After tax
-121
-105
-155
201
Living cost
489
489
489
489
Free-cash
-610
-594
-644
-288

Estimated living cost  is £489 per week

£360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£22
-£41
-£48
-£82
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
30
social contributions
-
-
-
102
solidarity contribution
-
-
-
-
health
-
-
-
47
total
-
-
-
179
Employee
322
-
261
-
solidarity contribution
-
-
-
-
social contributions
21
-
17
-
income
39
-
31
-
health
43
-
35
-
total
103
-
83
-
Employer
322
-
261
-
health
29
-
24
-
social contributions
81
-
65
-
total
110
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
213
109
172
179
After tax
137
241
178
171
Living cost
219
219
219
219
Free-cash
-82
22
-41
-48

Estimated living cost  is £219 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£186
-£198
-£177
-£433
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
regional
-
-
-
3
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
155
Employee
783
-
350
-
municipal
4
-
2
-
national
136
-
53
-
regional
7
-
3
-
social contributions
264
-
118
-
total
411
-
176
-
Employer
783
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
14
-
-
nationa
-
84
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
350
350
350
350
Total tax
411
164
176
155
After tax
-61
186
174
195
Living cost
372
372
372
372
Free-cash
-433
-186
-198
-177

Estimated living cost  is £372 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£26
£0
£7
-£1
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
51
other
-
-
-
-
surtax
-
-
-
1
unemployment
-
-
-
2
health
-
-
-
25
pensions
-
-
-
70
total
-
-
-
149
Employee
291
-
289
-
other
-
-
-
-
unemployment
20
-
20
-
pensions
19
-
19
-
surtax
1
-
1
-
income
49
-
48
-
health
7
-
7
-
total
96
-
95
-
Employer
291
-
289
-
health
13
-
13
-
pensions
39
-
39
-
unemployment
9
-
9
-
other
-
-
-
-
total
61
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
157
130
156
149
After tax
193
220
194
201
Living cost
194
194
194
194
Free-cash
-1
26
-
7

Estimated living cost  is £194 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-£136
-£163
-£133
-£275
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
554
-
317
-
pensions
47
-
19
-
income
100
-
59
-
health
8
-
3
-
total
155
-
81
-
Employer
554
-
317
-
health
11
-
6
-
pensions
60
-
27
-
total
71
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
226
87
114
84
After tax
124
263
236
266
Living cost
399
399
399
399
Free-cash
-275
-136
-163
-133

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-£539
-£426
-£399
-£547
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
7
regional
-
-
-
5
health
-
-
-
2
city
-
-
-
4
national
-
-
-
-
pensions
-
-
-
32
total
-
-
-
50
Employee
819
-
309
-
unemployment
-
-
-
-
pensions
69
-
31
-
national
4
-
-
-
regional
27
-
4
-
city
9
-
3
-
health
2
-
1
-
total
111
-
39
-
Employer
819
-
309
-
health
2
-
1
-
pensions
69
-
31
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

16
-
6
-
total
87
-
38
-
Corporate
-
350
-
-
regional
-
74
-
-
national
-
30
-
-
total
-
104
-
-
Dividends
-
246
-
-
withholding
-
86
-
-
total
-
86
-
-
Income
350
350
350
350
Total tax
198
190
77
50
After tax
152
160
273
300
Living cost
699
699
699
699
Free-cash
-547
-539
-426
-399

Estimated living cost  is £699 per week

£455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-£229
-£128
-£128
-£179
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
13
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

530
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

62
-
13
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
total
125
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
trade
-
60
-
-
total
-
117
-
-
Dividends
-
233
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
withholding
-
55
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
125
175
74
74
After tax
225
175
276
276
Living cost
404
404
404
404
Free-cash
-179
-229
-128
-128

Estimated living cost  is £404 per week

£295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-£124
-£82
-£88
-£144
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
8
other
-
-
-
11
surtax
-
-
-
-
social contributions
-
-
-
10
health
-
-
-
3
pensions
-
-
-
105
total
-
-
-
137
Employee
377
-
267
-
pensions
43
-
30
-
surtax
-
-
-
-
social contributions
11
-
8
-
income
22
-
9
-
total
76
-
47
-
Employer
377
-
267
-
health
26
-
19
-
pensions
62
-
44
-
unemployment
15
-
11
-
social contributions
1
-
1
-
other
13
-
9
-
total
117
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
193
173
131
137
After tax
157
177
219
213
Living cost
301
301
301
301
Free-cash
-144
-124
-82
-88

Estimated living cost  is £301 per week

£190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-£95
-£53
-£59
-£93
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
8
other
-
-
-
11
surtax
-
-
-
-
social contributions
-
-
-
10
health
-
-
-
3
pensions
-
-
-
105
total
-
-
-
137
Employee
337
-
267
-
pensions
38
-
30
-
surtax
-
-
-
-
social contributions
10
-
8
-
income
17
-
9
-
total
65
-
47
-
Employer
337
-
267
-
health
24
-
19
-
pensions
55
-
44
-
unemployment
14
-
11
-
social contributions
1
-
1
-
other
12
-
9
-
total
106
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
171
173
131
137
After tax
179
177
219
213
Living cost
272
272
272
272
Free-cash
-93
-95
-53
-59

Estimated living cost  is £272 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£27
£29
£39
£18
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
52
social contributions
-
-
-
48
health
-
-
-
24
total
-
-
-
124
Employee
299
-
350
-
social contributions
41
-
48
-
income
50
-
62
-
health
21
-
24
-
total
112
-
134
-
Employer
299
-
350
-
total
-
-
-
-
Corporate
51
350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

3
17
-
-
total
3
17
-
-
Dividends
49
333
-
-
social contributions
15
46
-
-
withholding
7
50
-
-
health
8
23
-
-
total
30
119
-
-
Income
350
350
350
350
Total tax
145
136
134
124
After tax
205
214
216
226
Living cost
187
187
187
187
Free-cash
18
27
29
39

Estimated living cost  is £187 per week

£125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-£164
-£181
-£115
-£227
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
5
surtax
-
-
-
2
unemployment
-
-
-
54
chamber of commerce
-
-
-
1
health
-
-
-
27
pensions
-
-
-
65
total
-
-
-
154
Employee
440
351
351
-
other
4
4
3
-
unemployment
13
11
8
-
pensions
45
36
27
-
income
50
26
30
-
health
17
14
10
-
total
129
91
78
-
Employer
440
351
351
-
chamber of commerce
2
1
1
-
health
17
13
10
-
pensions
55
44
33
-
accident
6
5
3
-
unemployment
13
11
8
-
surtax
2
2
2
-
payroll
13
11
11
-
other
21
17
16
-
total
129
104
84
-
Corporate
33
33
232
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
58
-
total
8
8
58
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
266
203
220
154
After tax
84
147
130
196
Living cost
311
311
311
311
Free-cash
-227
-164
-181
-115

Estimated living cost  is £311 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-£122
-£161
-£112
-£463
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
19
social contributions
-
-
-
26
national
-
-
-
96
total
-
-
-
141
Employee

The minimum management director salary is set at €45,000 per year.

630
-
271
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

5
-
2
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

33
-
14
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

47
-
20
-
national
194
-
61
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

30
-
13
-
total
309
-
110
-
Employer

The minimum management director salary is set at €45,000 per year.

630
-
271
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

39
-
17
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

56
-
24
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

8
-
4
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

9
-
4
-
surtax
71
-
31
-
total
183
-
80
-
Corporate
-
350
-
-
income
-
70
-
-
surtax
-
1
-
-
total
-
71
-
-
Dividends
-
279
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

-
80
-
-
total
-
80
-
-
Income
350
350
350
350
Total tax
492
151
190
141
After tax
-142
199
160
209
Living cost
321
321
321
321
Free-cash
-463
-122
-161
-112

Estimated living cost  is £321 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-£80
-£127
-£120
-£229
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
48
other
-
-
-
-
unemployment
-
-
-
2
pensions
-
-
-
99
total
-
-
-
152
Employee
439
-
256
-
other
-
-
-
-
unemployment
7
-
5
-
pensions
21
-
14
-
income
93
-
47
-
total
121
-
66
-
Employer
439
-
256
-
pensions
104
-
69
-
accident
9
-
6
-
unemployment
24
-
16
-
other
3
-
2
-
total
140
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
261
112
159
152
After tax
89
238
191
198
Living cost
318
318
318
318
Free-cash
-229
-80
-127
-120

Estimated living cost  is £318 per week

£234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£259
-£255
-£253
-£396
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
communal
-
-
-
-
accident
-
-
-
4
income
-
-
-
5
surtax
-
-
-
17
health
-
-
-
31
pensions
-
-
-
67
total
-
-
-
124
Employee
667
-
300
-
pensions
53
-
34
-
surtax
41
-
17
-
income
64
-
5
-
health
30
-
19
-
total
188
-
75
-
Employer
667
-
300
-
health
20
-
13
-
pensions
53
-
34
-
accident
6
-
4
-
total
79
-
51
-
Corporate
-
350
-
-
communal
-
24
-
-
income
-
52
-
-
surtax
-
4
-
-
total
-
80
-
-
Dividends
-
270
-
-
income
-
9
-
-
withholding
-
41
-
-
total
-
50
-
-
Income
350
350
350
350
Total tax
267
130
126
124
After tax
83
220
224
226
Living cost
479
479
479
479
Free-cash
-396
-259
-255
-253

Estimated living cost  is £479 per week

£359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£22
-£4
£3
-£10
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
51
other
-
-
-
-
surtax
-
-
-
1
unemployment
-
-
-
2
health
-
-
-
25
pensions
-
-
-
70
total
-
-
-
149
Employee
297
-
289
-
other
-
-
-
-
unemployment
21
-
20
-
pensions
20
-
19
-
surtax
1
-
1
-
income
50
-
48
-
health
8
-
7
-
total
100
-
95
-
Employer
297
-
289
-
health
13
-
13
-
pensions
40
-
39
-
unemployment
9
-
9
-
other
-
-
-
-
total
62
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
162
130
156
149
After tax
188
220
194
201
Living cost
198
198
198
198
Free-cash
-10
22
-4
3

Estimated living cost  is £198 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-£53
-£65
-£44
-£139
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
regional
-
-
-
5
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
157
Employee
489
-
350
-
municipal
3
-
2
-
national
77
-
53
-
regional
7
-
5
-
social contributions
165
-
118
-
total
252
-
178
-
Employer
489
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
17
-
-
nationa
-
84
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
252
166
178
157
After tax
98
184
172
193
Living cost
237
237
237
237
Free-cash
-139
-53
-65
-44

Estimated living cost  is £237 per week

£148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-£29
-£92
-£99
-£183
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
30
social contributions
-
-
-
102
solidarity contribution
-
-
-
-
health
-
-
-
47
total
-
-
-
179
Employee
397
-
261
-
solidarity contribution
-
-
-
-
social contributions
26
-
17
-
income
48
-
31
-
health
54
-
35
-
total
128
-
83
-
Employer
397
-
261
-
health
36
-
24
-
social contributions
99
-
65
-
total
135
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
263
109
172
179
After tax
87
241
178
171
Living cost
270
270
270
270
Free-cash
-183
-29
-92
-99

Estimated living cost  is £270 per week

£201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-£132
-£150
-£83
-£155
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
5
surtax
-
-
-
-
unemployment
-
-
-
54
chamber of commerce
-
-
-
1
health
-
-
-
27
pensions
-
-
-
65
total
-
-
-
152
Employee
385
351
351
-
other
4
4
3
-
unemployment
12
11
8
-
pensions
39
36
27
-
income
34
26
30
-
health
15
14
10
-
total
104
91
78
-
Employer
385
351
351
-
chamber of commerce
2
1
1
-
health
15
13
10
-
pensions
48
44
34
-
accident
5
5
3
-
unemployment
12
11
8
-
surtax
-
-
-
-
payroll
12
11
11
-
other
18
17
16
-
total
112
102
83
-
Corporate
33
33
234
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
58
-
total
8
8
58
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
224
201
219
152
After tax
126
149
131
198
Living cost
281
281
281
281
Free-cash
-155
-132
-150
-83

Estimated living cost  is £281 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£220
£167
£234
£199
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
3
total
-
-
-
3
Employee
141
-
350
-
income
28
-
70
-
total
28
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

209
350
-
-
total
-
-
-
-
Dividends
209
350
-
-
withholding
10
17
-
-
total
10
17
-
-
Income
350
350
350
350
Total tax
38
17
70
3
After tax
312
333
280
347
Living cost
113
113
113
113
Free-cash
199
220
167
234

Estimated living cost  is £113 per week

£76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£5
-£49
-£38
-£99
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
350
income
-
-
-
53
unemployment
-
-
-
1
health
-
-
-
34
pensions
-
-
-
64
total
-
-
-
152
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

390
-
303
-
unemployment
1
-
-
-
pensions
60
-
47
-
income
67
-
49
-
health
25
-
20
-
total
153
-
116
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

390
-
303
-
health
26
-
20
-
pensions
34
-
27
-
unemployment
-
-
-
-
total
60
-
47
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
213
109
163
152
After tax
137
241
187
198
Living cost
236
236
236
236
Free-cash
-99
5
-49
-38

Estimated living cost  is £236 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-£168
-£148
-£139
-£968
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
68
social contributions
-
-
-
40
total
-
-
-
108
Employee
547
-
11
-
social contributions
45
-
6
-
income
121
-
1
-
total
166
-
7
-
Employer
547
-
11
-
social contributions
771
-
110
-
total
771
-
110
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
income
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
937
137
117
108
After tax
-587
213
233
242
Living cost
381
381
381
381
Free-cash
-968
-168
-148
-139

Estimated living cost  is £381 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-£76
-£76
-£70
-£151
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
income
-
-
-
22
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
total
-
-
-
144
Employee
405
-
283
-
surtax
-
-
-
-
social contributions
45
-
31
-
income
84
-
52
-
total
129
-
83
-
Employer
405
-
283
-
social contributions
96
-
67
-
total
96
-
67
-
Corporate
-
350
-
-
income
-
73
-
-
surtax
-
-
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
225
150
150
144
After tax
125
200
200
206
Living cost
276
276
276
276
Free-cash
-151
-76
-76
-70

Estimated living cost  is £276 per week

£207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£249
-£207
-£213
-£375
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
8
other
-
-
-
11
surtax
-
-
-
-
social contributions
-
-
-
10
health
-
-
-
3
pensions
-
-
-
105
total
-
-
-
137
Employee
552
-
267
-
pensions
62
-
30
-
surtax
-
-
-
-
social contributions
16
-
8
-
income
48
-
9
-
total
126
-
47
-
Employer
552
-
267
-
health
39
-
19
-
pensions
91
-
44
-
unemployment
22
-
11
-
social contributions
2
-
1
-
other
19
-
9
-
total
173
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
299
173
131
137
After tax
51
177
219
213
Living cost
426
426
426
426
Free-cash
-375
-249
-207
-213

Estimated living cost  is £426 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£50
£18
£8
£21
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
77
total
-
-
-
77
Employee
283
-
303
-
income
-
-
-
-
social contributions
18
-
20
-
total
18
-
20
-
Employer
283
-
303
-
social contributions
44
-
47
-
total
44
-
47
-
Corporate
23
350
-
-
income
2
35
-
-
total
2
35
-
-
Dividends
20
315
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
64
35
67
77
After tax
286
315
283
273
Living cost
265
265
265
265
Free-cash
21
50
18
8

Estimated living cost  is £265 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1569
-£1569
-£187
-£1569
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
labour market
-
-
-
27
municipal
-
-
-
49
national
-
-
-
29
pensions
-
-
-
8
total
-
-
-
113
Employee
1 790
1 790
1 790
-
municipal
381
381
381
-
labour market
143
143
143
-
pensions
3
3
3
-
national
219
219
219
-
total
746
746
746
-
Employer
1 790
1 790
1 790
-
national
219
219
219
-
labour market
143
143
143
-
pensions
5
5
5
-
municipal
382
382
382
-
total
749
749
749
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
1 495
1 495
1 495
113
After tax
-1 145
-1 145
-1 145
237
Living cost
424
424
424
424
Free-cash
-1 569
-1 569
-1 569
-187

Estimated living cost  is £424 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£90
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£165
-£8
£45
-£15
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
112
Employee
304
-
291
-
pensions
34
-
33
-
income
42
-
40
-
health
35
-
33
-
total
111
-
106
-
Employer
304
-
291
-
pensions
49
-
47
-
accident
5
-
5
-
unemployment
7
-
7
-
total
61
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
172
322
165
112
After tax
178
28
185
238
Living cost
193
193
193
193
Free-cash
-15
-165
-8
45

Estimated living cost  is £193 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-£96
-£116
-£56
-£200
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
350
health
-
-
-
2
municipal
-
-
-
63
national
-
-
-
3
total
-
-
-
68
Employee
464
-
294
-
municipal
76
-
48
-
unemployment
7
-
4
-
pensions
31
-
20
-
national
8
-
-
-
health
3
-
1
-
total
125
-
73
-
Employer
464
-
294
-
health
4
-
2
-
pensions
80
-
51
-
accident
-
-
-
-
unemployment
3
-
2
-
total
87
-
55
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

-
210
-
-
municipal
-
38
-
-
national
-
-
-
-
total
-
38
-
-
Income
350
350
350
350
Total tax
212
108
128
68
After tax
138
242
222
282
Living cost
338
338
338
338
Free-cash
-200
-96
-116
-56

Estimated living cost  is £338 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
-£54
£9
£82
£7
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
55
health
-
-
-
9
total
-
-
-
64
Employee
678
678
678
-
social contributions
26
56
26
-
income
74
63
74
-
health
5
12
5
-
total
105
131
105
-
Employer
678
678
678
-
health
6
13
6
-
social contributions
26
56
26
-
total
32
69
32
-
Corporate
10
-
-
-
income
1
-
-
-
total
1
-
-
-
Dividends
9
-
-
-
withholding
1
-
-
-
total
1
-
-
-
Income
350
350
350
350
Total tax
139
200
137
64
After tax
211
150
213
286
Living cost
204
204
204
204
Free-cash
7
-54
9
82

Estimated living cost  is £204 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£149
£77
£96
£106
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
350
income
-
-
-
26
unemployment
-
-
-
-
health
-
-
-
32
pensions
-
-
-
56
total
-
-
-
114
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

202
-
317
-
unemployment
1
-
2
-
pensions
30
-
48
-
income
14
-
23
-
health
17
-
27
-
total
62
-
100
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

202
-
317
-
health
9
-
14
-
pensions
11
-
17
-
unemployment
1
-
2
-
total
21
-
33
-
Corporate
127
350
-
-
income
11
32
-
-
total
11
32
-
-
Dividends
115
318
-
-
withholding
10
29
-
-
total
10
29
-
-
Income
350
350
350
350
Total tax
104
61
133
114
After tax
246
289
217
236
Living cost
140
140
140
140
Free-cash
106
149
77
96

Estimated living cost  is £140 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-£4
-£51
-£44
-£79
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
48
other
-
-
-
-
unemployment
-
-
-
2
pensions
-
-
-
99
total
-
-
-
152
Employee
326
-
256
-
other
-
-
-
-
unemployment
5
-
5
-
pensions
15
-
14
-
income
63
-
47
-
total
83
-
66
-
Employer
326
-
256
-
pensions
77
-
69
-
accident
6
-
6
-
unemployment
18
-
16
-
other
3
-
2
-
total
104
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
187
112
159
152
After tax
163
238
191
198
Living cost
242
242
242
242
Free-cash
-79
-4
-51
-44

Estimated living cost  is £242 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£201
£199
£200
£199
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
111
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
133
Employee
26
-
336
-
unemployment
-
-
1
-
pensions
2
-
6
-
income
5
-
110
-
health
1
-
3
-
total
8
-
120
-
Employer
26
-
336
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
318
350
-
-
income
70
77
-
-
total
70
77
-
-
Dividends
248
273
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
350
350
350
350
Total tax
134
132
134
133
After tax
216
218
216
217
Living cost
17
17
17
17
Free-cash
199
201
199
200

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£100
£40
£25
£55
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
350
income
-
-
-
40
unemployment
-
-
-
5
health
-
-
-
36
pensions
-
-
-
91
total
-
-
-
172
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

230
-
297
-
unemployment
2
-
2
-
pensions
32
-
42
-
income
32
-
45
-
health
12
-
15
-
total
78
-
104
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

230
-
297
-
health
12
-
15
-
pensions
28
-
36
-
unemployment
2
-
2
-
total
42
-
53
-
Corporate
79
350
-
-
income
12
52
-
-
total
12
52
-
-
Dividends
67
298
-
-
withholding
10
45
-
-
total
10
45
-
-
Income
350
350
350
350
Total tax
142
97
157
172
After tax
208
253
193
178
Living cost
152
152
152
152
Free-cash
55
100
40
25

Estimated living cost  is £152 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-£38
-£38
-£32
-£74
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
income
-
-
-
22
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
total
-
-
-
144
Employee
342
-
283
-
surtax
-
-
-
-
social contributions
38
-
31
-
income
67
-
52
-
total
105
-
83
-
Employer
342
-
283
-
social contributions
81
-
67
-
total
81
-
67
-
Corporate
-
350
-
-
income
-
73
-
-
surtax
-
-
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
186
150
150
144
After tax
164
200
200
206
Living cost
238
238
238
238
Free-cash
-74
-38
-38
-32

Estimated living cost  is £238 per week

£168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-£72
-£119
-£112
-£210
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
48
other
-
-
-
-
unemployment
-
-
-
2
pensions
-
-
-
99
total
-
-
-
152
Employee
426
-
256
-
other
-
-
-
-
unemployment
7
-
5
-
pensions
20
-
14
-
income
89
-
47
-
total
116
-
66
-
Employer
426
-
256
-
pensions
100
-
69
-
accident
8
-
6
-
unemployment
23
-
16
-
other
3
-
2
-
total
134
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
250
112
159
152
After tax
100
238
191
198
Living cost
310
310
310
310
Free-cash
-210
-72
-119
-112

Estimated living cost  is £310 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£147
£70
£63
£94
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
53
unemployment
-
-
-
1
health
-
-
-
35
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
46
total
-
-
-
135
Employee
201
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

18
-
26
-
income
20
-
29
-
health
9
-
13
-
total
49
-
71
-
Employer
201
-
293
-
health
14
-
20
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

22
-
32
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
39
-
57
-
Corporate
110
350
-
-
income
11
35
-
-
total
11
35
-
-
Dividends
99
315
-
-
withholding
5
16
-
-
total
5
16
-
-
Income
350
350
350
350
Total tax
104
51
128
135
After tax
246
299
222
215
Living cost
152
152
152
152
Free-cash
94
147
70
63

Estimated living cost  is £152 per week

£100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-£157
-£64
-£64
-£88
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
13
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
60
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

438
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
13
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

60
-
60
-
total
98
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
trade
-
50
-
-
total
-
107
-
-
Dividends
-
243
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
withholding
-
57
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
98
167
74
74
After tax
252
183
276
276
Living cost
340
340
340
340
Free-cash
-88
-157
-64
-64

Estimated living cost  is £340 per week

£235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-£257
-£214
-£214
-£339
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
42
social contributions
-
-
-
20
total
-
-
-
62
Employee
689
-
350
-
income
130
-
42
-
social contributions
57
-
20
-
total
187
-
62
-
Employer
689
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
44
-
-
total
-
44
-
-
Dividends
-
306
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
350
350
350
350
Total tax
187
105
62
62
After tax
163
245
288
288
Living cost
502
502
502
502
Free-cash
-339
-257
-214
-214

Estimated living cost  is £502 per week

£382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-£126
-£58
-£275
-£122
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
350
income
-
-
-
251
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
54
total
-
-
-
305
Employee
404
-
318
-
income
44
-
24
-
social contributions
41
-
32
-
total
85
-
56
-
Employer
404
-
318
-
social contributions
41
-
32
-
total
41
-
32
-
Corporate
-
350
-
-
income
-
122
-
-
total
-
122
-
-
Dividends
-
228
-
-
social contributions
26
34
-
-
total
26
34
-
-
Income
350
350
350
350
Total tax
152
156
88
305
After tax
198
194
262
45
Living cost
320
320
320
320
Free-cash
-122
-126
-58
-275

Estimated living cost  is £320 per week

£211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-£61
-£88
-£58
-£148
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
445
-
317
-
pensions
34
-
19
-
income
81
-
59
-
health
6
-
3
-
total
121
-
81
-
Employer
445
-
317
-
health
8
-
6
-
pensions
45
-
27
-
total
53
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
174
87
114
84
After tax
176
263
236
266
Living cost
324
324
324
324
Free-cash
-148
-61
-88
-58

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£184
-£27
£26
-£52
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
other
-
-
-
3
health
-
-
-
19
pensions
-
-
-
37
total
-
-
-
112
Employee
334
-
291
-
pensions
38
-
33
-
income
46
-
40
-
health
38
-
33
-
total
122
-
106
-
Employer
334
-
291
-
pensions
54
-
47
-
accident
6
-
5
-
unemployment
8
-
7
-
total
68
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
190
322
165
112
After tax
160
28
185
238
Living cost
212
212
212
212
Free-cash
-52
-184
-27
26

Estimated living cost  is £212 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
£178
£95
£95
£136
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
350
income
-
-
-
40
unemployment
-
-
-
4
work injury
-
-
-
2
health insurance
-
-
-
26
pensions
-
-
-
64
total
-
-
-
136
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

190
-
350
-
health insurance
14
-
26
-
unemployment
2
-
4
-
work injury
1
-
2
-
pensions
35
-
64
-
income
19
-
40
-
total
71
-
136
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
160
350
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
160
350
-
-
withholding
24
53
-
-
total
24
53
-
-
Income
350
350
350
350
Total tax
95
53
136
136
After tax
255
297
214
214
Living cost
119
119
119
119
Free-cash
136
178
95
95

Estimated living cost  is £119 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-£167
-£178
-£158
-£391
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
regional
-
-
-
5
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
157
Employee
743
-
350
-
municipal
4
-
2
-
national
125
-
53
-
regional
11
-
4
-
social contributions
250
-
118
-
total
390
-
177
-
Employer
743
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
17
-
-
nationa
-
84
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
390
166
177
157
After tax
-40
184
173
193
Living cost
351
351
351
351
Free-cash
-391
-167
-178
-158

Estimated living cost  is £351 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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